Active nffe?

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Question: Active nffe?

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The term 'Active NFFE' generally refers to an entity that operates an active trade or business other than that of a financial business. To determine whether a NFFE is active or passive, a complex income statement and balance sheet analysis must be performed. Note: There might be further entity types meeting the active NFFE definition according to an applicable IGA (see Annex I, Section VI(B)(4) of the applicable IGA). Active Non-Financial Foreign Entity (Active NFFE) – FATCA definition.

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Answered By:
Navya

Navya

Kochi, India

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